Monday, November 10, 2014

SolarBridge Acquired By SunPower

Austin-based SolarBridge Technologies, which develops microinverter technology being used in the solar power industry to improve the performance of solar panels, has been acquired by SunPower. Financial terms of the deal were not disclosed. SunPower said it will use SolarBridge's technology to expand its product portfolio. SolarBridge was venture backed by Shea Ventures, Battery Ventures, Rho Ventures and Osage University Partners, and had raised over $71M in venture funding. SolarBridge was led by Bill Mulligan, a former SunPower executive.